IBM inks EUR42.3m Cajasol IT services deal

IBM inks EUR42.3m Cajasol IT services deal

IBM is reporting a EUR42.3 million IT outsourcing contract with Cajasol, the Spanish savings bank formed by the merger of Caja San Fernando and El Monte.

The agreement includes the provision of IBM software, hardware and services to establish a consolidated IT platform at the bank.

Under the deal IBM will modernise Cajasol's corporate server platform and upgrade the software products in the bank's mainframe and distributed environments, as well as incorporate new applications.

The vendor will also provide consultancy services and on-going maintenance, backup and disaster recovery services.

Antonio Pulido, Cajasol's president, says: "The successful merger process in which Cajasol was created had to include the enhancement of our IT platform in order to offer to our customers banking services at all of our branches and channels. This means innovation not only in the use of new technologies, but also leveraging the efficiency enhancements achieved in our branch network."

IBM has been providing El Monte with IT services since 2002.

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